Pages

MCX copper prices have whipsawed its way above Rs 435 but its incapability to break through the resistance around Rs 445 brings the possibility of a price decline to the frontage. Exactly, Prices seem to respect the resistance level around Rs 447. Support is seen at Rs 421 and a break below Rs 400 could initially target Rs 395 and then Rs 340, provided basics are negative for the metal.

For CRUDE (FEB) the trend is sideways consider resistance at 5011-5036 and support range at 4910. Decline to buy and sell on strength to be followed.